The small white cars topped with what look like stubby metal antennas swarm in and out of an unmarked San Francisco building like bees around a hive.
They're a daily sight in their South of Market neighborhood, to the point that smartphone-obsessed pedestrians rarely even notice them. Passersby also may not realize that much of the time, the cars are driving themselves.
These cars, equal parts Detroit and Silicon Valley, are the creation of a San Francisco startup, Cruise Automation, and General Motors, which bought Cruise last year for well over half a billion dollars.
Driving Dynamics Inc. has announced an ownership change.
This news follows the retirement of company founders Bill Buff and Paull Hubbard.
Art Liggio joined the company in 2008 with a plan to grow the business. As the managing owner, he has acquired full ownership of Driving Dynamics together with majority owner investment firm Intuitis LLC, with offices in New York and Paris and Delancey Street Capital Partners, based in Conshohocken, Pennsylvania.
In the latest Kontos Kommentary, Tom Kontos, Chief Economist at KAR Auction Services, provides his insight and updates regarding used vehicle market conditions. To read the entire Kontos Kommentary for June 2017, visit https://www.adesa.com/kontos-kommentary
LeasePlan USA has appointed Juan Perez as senior vice president of operations, overseeing the teams that manage the lifecycle of vehicles, from vehicle acquisition to remarketing.
“Our aim as an operations team will be to advance innovation while maintaining the client experience that sets LeasePlan apart,” said Perez. “Our team is committed to delivering the promise to each and every client we serve.
Would you pay more for new car options with a proven chance of avoiding accidents? Apparently, most consumers won't. A recent survey shows that only 8 percent of respondents own cars with automatic emergency braking -- the most crucial new safety feature.
That's leading Nissan to make automatic emergency braking standard, with no extra charge, on the estimated 1 million vehicles it will sell in the U.S. as 2018 models. This will cover seven of the most popular Nissan models: Rogue and Rogue Sport, Altima, Murano, Leaf, Pathfinder, Maxima and Sentra.